Export Credit Guarantees
(asked on 7th February 2024) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, for what reason UK Export Finance would provide a 100% guarantee on lending to company under the Export Development Guarantee.
This question was answered on 19th February 2024
UK Export Finance (UKEF) has not previously 100% guaranteed any Export Development Guarantee (EDG) facilities.
In principle, consideration can be given to guarantee percentages above 80% where this is needed to ensure the success of the transaction, subject to ensuring that the guaranteed loan meets UKEF’s requirements including compliance with applicable subsidy control rules.